Tuesday, 27 May 2014

Fernandes confirms Caterham is NOT for sale

(Jean Michel Le Meur DPPI/ For Renault Sport F1)

Caterham owner Tony Fernandes has categorically denied that he intends to sell the Leafield based outfit amid reports on Monday that he was looking for £350 million for both the Caterham F1 Team and the Caterham car company.

In a statement released on the official Caterham F1 team website, Fernandes said:

'The Caterham Group is not for sale. We love what we build and we are always looking for further investment. This is no different to how we started AirAsia. Yes, we are constantly challenging ourselves and making decisions on everything from the structure to projects within the Group. That is normal business. That does not mean we are selling.'